Carousel Industries Announces Intent To Acquire Atrion, Inc.

EXETER, R.I., June 8, 2016 /PRNewswire/ -- Carousel Industries, a leader in communication and network technologies, professional and managed services and cloud solutions, today announced its intent to acquire Atrion, Inc., a leading IT services firm specializing in security, productivity and collaboration, unified communications, networking, applications and integrations and data center solutions.

Atrion will add its proven, customer-centric methodology to Carousel's deep and broad technology expertise and managed services offerings, helping the company to provide a deeper level of strategic value to existing and prospective clients.

The transaction will create a combined entity of more than 1,300 professionals located nationwide. The company will have approximately $525 million in annual revenue, creating one of the largest and fastest-growing privately-held IT services firms in the U.S.

"In today's IT universe, there is a growing synergy between business and IT – making IT leaders increasingly responsible for supporting their organizations' topline initiatives.  As a result, IT leaders turn more progressively to their technology providers as strategic advisors on the solutions and services that will help them best meet their objectives and stay ahead of the innovation curve," said Jeff Gardner, CEO, Carousel.

"Combined we will be better equipped to deliver a more compelling customer experience with a more personal focus and differentiated services," added James Marsh, CRO, Carousel. "This acquisition positions Carousel to deliver the best possible business outcomes to our customers and to become a truly indispensable business partner."

"As pressures intensify for our clients to be more forward-thinking and emerge as leaders in their markets, they require a singular, high-value business partner capable of helping them see around corners," said Tim Hebert, CEO, Atrion. "This is an optimal time and opportunity for Atrion to join forces with Carousel.  Our respective firms are growing rapidly, our cultures are highly complementary, and we share a common vision for delivering a positive impact on our employees, our customers, and our community."

The acquisition of Atrion is expected to be completed early in the third quarter of 2016, subject to customary closing conditions.  

About Atrion
Atrion, a leading IT services firm, is committed to helping its clients make sound technology decisions that lead to favorable business outcomes. Atrion offers a robust set of services and solutions—with a focus on innovative IT leadership, consultative, professional and managed services—spanning the following areas: productivity and collaboration; unified communications; networking; systems integrations; data center; and security. The IT leader has regularly been tapped for its unique IT expertise, most recently being dubbed a 2015 Fastest Growing Company by Providence Business News, a CRN 2015 Tech Elite 250 member, a consecutive-year Inc. 5000 member, and a Cisco and Microsoft Gold Partner. Find Atrion online: www.atrion.com, on Facebook, Twitter, and on LinkedIn.

About Carousel Industries
Carousel Industries is a recognized leader in helping organizations evolve the way they communicate and orchestrate the flow of information throughout their networks.  Carousel enables clients to connect and collaborate the way modern IT users demand and advance from their current network infrastructure to meet tomorrow's standards. With deep expertise across a vast portfolio of communication, network, and security technologies, Carousel is able to design, implement, and support solutions tailored to meet the unique needs of each customer. By offering professional and managed services with flexible deployments in the cloud, Carousel ensures clients achieve agility and utilize technologies in the way most effective for their business.

Since 1992 Carousel has grown by an average of 30 percent annually and today has more than 6,000 customers, including 35 of the Fortune 100. The company has been widely recognized by multiple leading industry publications and consortiums as a top technology partner, managed service provider, and cloud solution provider. It has made the Inc. 500/5000 list of the fastest-growing privately-held companies in the U.S. seven times overall. Headquartered in Exeter, RI, Carousel has more than 1,000 employees working in 23 locations across the U.S. For more information on Carousel's Public Safety Practice, please visit: www.carouselindustries.com/industry-solutions/public-safety.

SOURCE Carousel Industries

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